Elisha Has Just Started a New Job and Must Use

question 13

Multiple Choice

Elisha has just started a new job and must use a cell phone to communicate with coworkers and customers.  What advice should she follow to demonstrate professional cell phone use?

• A)Talk openly and freely on her cell phone in any location and at any time.
• B)Select a unique ringtone such as the music and lyrics to her favorite song so that she can recognize when her phone is ringing.
• C)Speak louder so that her receiver can hear her and her ideas.
• D)Screen incoming calls if she is busy.

---

Definitions:

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial health.

LIFO Assumption

An inventory valuation method in which the last items purchased or produced are the first to be expensed (Last In, First Out).

Perpetual Inventory

A method of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Retail Inventory Method

An accounting method used to estimate the ending inventory balance of a retail store by applying a cost-to-retail price ratio to the sales for the period.